Schuppenhauer Eric 4

4 · SoFi Technologies, Inc. · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

SoFi EVP Eric Schuppenhauer Receives RSUs; Sells 23,083 Shares for Taxes

What Happened

Eric Schuppenhauer, Executive Vice President (GBUL Borrow) at SoFi Technologies (SOFI), had 55,731 restricted stock units (RSUs) settle into shares on Feb 17, 2026. The RSUs converted to common stock with no cash exercise price.
On Feb 18, 2026, 23,083 of those shares were sold to satisfy tax withholding obligations at $19.62 per share, generating proceeds of $452,935. The sale was a tax-withholding transaction, not an open-market discretionary sale.

Key Details

Transaction dates: RSU settlement on 2026-02-17; tax-withholding share sale on 2026-02-18. Form 4 filed 2026-02-19 (appears within the typical 2-business-day window).
Shares settled: 55,731 RSUs converted to common shares (exercise/conversion of derivative, code M).
Shares sold for taxes: 23,083 shares at $19.62 each; proceeds $452,935. These shares were sold solely to cover withholding and "were not issued to the Reporting Person" per the filing.
Exercise/settlement price: $0.00 — RSUs settled for no consideration (per footnote).
Shares owned after transaction: not disclosed in the provided excerpt.
Footnotes: F1 clarifies each RSU vests into one share for no consideration; F2 confirms the sale was to satisfy tax withholding; F3 ties the RSUs to a prior grant (Form 4 filed 9/27/2024).

Context

This was a routine RSU vesting and tax-withholding sale. The RSUs were settled (no cash exercise), and a portion of the resulting shares were withheld/sold to cover taxes — common practice that does not necessarily indicate a change in insider sentiment.
Because the sale was to satisfy tax liabilities (not an open-market sale), it should be interpreted differently than discretionary insider selling.

Form 4

Period: 2026-02-17

EVP GBUL Borrow

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-17+55,731→ 284,498.81 total
Tax Payment
Common Stock
[F2]
2026-02-18$19.62/sh−23,083$452,935→ 261,415.81 total
Exercise/Conversion
Restricted Stock Unit
[F1][F3]
2026-02-17−55,731→ 557,310 total
→ Common Stock (55,731 underlying)

Footnotes (3)

[F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
[F2]Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to the Reporting Person.
[F3]Represents the settlement of a portion of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 4 filed on September 27, 2024.

Signature

/s/ Deanna M. Smith, Attorney-in-Fact|2026-02-19

1 file